Abu Dhabi / WAM A total of 12.922 million cheques worth AED643.7 billion were handled by the UAE Clearing Cheque System during the first five months of 2017, according to the UAE Central Bank data. A total of AED28.9 billion worth of 546,000 cheques were bounced from January through the end of May, accounting for 4.5 percent of the cheques’ …

Dubai / WAM Data Hub Integrated Solutions (MORO), a fully-owned subsidiary of Dubai Electricity and Water Authority (DEWA) signed a Memorandum of Understanding with Dell to enhance collaboration and partnership between the two companies and to develop and deliver cloud computing solutions, integrated infrastructure administration services and servers, secure data storage solutions, innovative information technology applications. The MoU facilitates enhanced …

ABU DHABI / WAM The number of marketing foreign funds incorporated by the Securities and Commodities Authority (SCA) in the UAE grew 5.6 percent to 633 funds by the end of 2016, from 599 in 2015. SCA in recent statistics indicated that the number of foreign marketing funds operating in the country over the past five years jumped from 218 …